TechFlow reports, on December 17, according to on-chain analyst Ai Yi, an address linked to Eugene Ng, co-founder of DWF Labs, deposited 12.9 billion CAT (worth $830,000) to Binance three hours before market open,疑似 selling.
In August 2024, this address received 9 billion CAT from the Disperse contract when the token price was only $0.00001547, and has now made over four times profit.
Ai Yi added that both DWF and Wintermute are market makers for CAT, and DWF's market-making address received 360 billion tokens for market-making purposes on August 20.
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